Where loan account of respondent was declared NPA and possession notice issued u/s 13(4) was challenged in writ petition under article 226 wherein by interim order further proceedings at stage of section 13(4) were stayed, it was held that High Court ought not to have entertained writ petition in view of adequate alternate statutory remedies available to respondent under SARFAESI Act and impugned order being contrary to law was to be set aside.

February 2nd, 2018